Beautiful close-in 40 acres with soaring views and towering Ponderosa Pines. Property consists of a 2 bedroom, 2 bath (newly remodeled) ranch house with a mountain view, and a studio apt with a full bath, private entrance, 2nd laundry and full kitchen. Huge barn with oversized door and loft, also a run-in shed, chicken coop and small animal pens, fully fenced and cross fenced animal ready turnouts. Live in the apartment while you build your custom dream home and then use the original home as a guest house, for ranch help, or for additional income! Low Elbert County taxes, private well and septic, and less than 5 minutes to the Safeway, schools and shopping. Currently rented through the end of the year for $3500/month ($2500 for the house and $1000 for the apartment). Initial subdividing work has been started to make this two, twenty-acre parcels and there is a new WATER DECREE IN PLACE FOR TWO UPPER DAWSON WELLS.